The massively oversized stores were always the stranglehold in Forever 21‘s operations.
Five years after the fast-fashion chain’s first Chapter 11 filing, the retail outposts remain a key stumbling block. Forever 21 filed its first Chapter 11 petition in September 2019. The brand management firm Authentic Brands Group subsequently acquired the business, partnering with mall operators Simon Property Group and Brookfield Corporation, in an $81 million deal. The three are also partners in SPARC (Simon Property Authentic Retail Concepts). Operations at Forever 21 have been pressured, and now there is talk about a possible second Chapter 11 filing. A representative for Authentic and Catalyst declined comment.
Authentic holds…
